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Bankruptcy Exemption – What Is It and What Are Its Benefits

Bankruptcy is a proceeding. This legal option is available for businessmen, who cannot pay the bills before the due date. By doing so, the businessmen not only get to start afresh financially, but also can safeguard their possessions and assets from falling into the hands of the creditors. As per the law set by the… Continue reading Bankruptcy Exemption – What Is It and What Are Its Benefits

What Is Bankruptcy Fraud?

The Bankruptcy and Insolvency Act (BIA) allows for legitimate reasons to be recognized for those seeking bankruptcy. Bankruptcy fraud is a serious offence that can be charged criminally. Bankruptcy is regulated under the BIA and the Canadian Criminal Code, which lays out lawful, abusive, and fraudulent practices. The Royal Canadian Mounted Police and the Office… Continue reading What Is Bankruptcy Fraud?

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